The economic foundations of global environmental problems, including air and water pollution, with discussions of alternative (command and market based) solutions.
Athena Title
Environmental Economics
Prerequisite
ECON 4010
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student learning Outcomes
By the end of this course, students will be able to analyze the sources and consequences of market failures for environmental goods and explain why they necessitate policy intervention.
By the end of this course, students will be able to evaluate the effectiveness and efficiency of diverse environmental policy instruments such as taxes, subsidies, and tradable permits.
By the end of this course, students will be able to apply various economic valuation techniques such as cost-benefit analysis, hedonic pricing, travel cost method, and averting expenditure method to environmental decision-making.
Topical Outline
Economy and the Environment
Environmental Externalities
Public Goods and Common Property Resources
Command and Control Solutions
Market Based Solutions
Climate Change and Ozone Depletion
Environmental Valuation
Cost-Benefit Analysis
Air Pollution
Sustainable Development
Institutional Competencies Learning Outcomes
Analytical Thinking
The ability to reason, interpret, analyze, and solve problems from a wide array of authentic contexts.
